Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −11.9% APRnext payment −$1.09 per $10,000 · paid last 24h +0.047%
Price spread now: KuCoin against MEXC−0.176%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,019as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,042as in the Price arb table
costs, in and out, $10k−$1,02410.237% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.176%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.185% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC WAVES_USDT | 0.2834 | 0.0209 | pay 0.0209% / 8h | 23m 31s | $472K | $127K | 20x |
| Short | KuCoin WAVESUSDTM | 0.2829 | 0.0100 | get 0.0100% / 8h | 23m 31s | $357K | $35K | 20x |
MEXC WAVES_USDT
KuCoin WAVESUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.89
- Price spread: −0.176% → +0.008%
- −$18.47
- Slippage, 4 orders
- −$1,007.71
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,065.07
- Costs to cover
- 10.237%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; KuCoin: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 6 min ago | 7.03 bp | 30.5 bp −$31 | 66.2 bp −$662 | 113.2 bp −$11.3K | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 42.30 bp | 521.6 bp −$522 | doesn't fit | doesn't fit | doesn't fit |
WAVES on 6 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTMshort | +0.0100% | 8h | 0.2829 | −0.176% | $357K | $35K | 20x | |
| BingX WAVES-USDT | +0.0153% | 8h | 0.2834 | 0.000% | — | $1.3M | — | as long as short |
| BloFin WAVES-USDT | +0.0184% | 8h | 0.2845 | +0.388% | $90K | $23K | 20x | as long as short |
| Bybit WAVESUSDT | +0.0207% | 8h | 0.2834 | 0.000% | $1.6M | $1.4M | 20x | as long as short |
| MEXC WAVES_USDTlong | +0.0209% | 8h | 0.2834 | long leg | $472K | $127K | 20x | |
| Variational Omni WAVES | +0.0297% | 8h | 0.2842 | +0.281% | $691 | $2K | — | as long as short |
BingX WAVES-USDT
BloFin WAVES-USDT
Bybit WAVESUSDT
Variational Omni WAVES